Ieq Capital LLC Purchases 24,201 Shares of Ross Stores, Inc. (NASDAQ:ROST)

Ieq Capital LLC boosted its position in shares of Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 106.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 46,990 shares of the apparel retailer's stock after acquiring an additional 24,201 shares during the quarter. Ieq Capital LLC's holdings in Ross Stores were worth $7,108,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Joel Adams & Associates Inc. purchased a new stake in shares of Ross Stores during the 4th quarter valued at about $303,000. New York State Common Retirement Fund grew its position in Ross Stores by 18.3% during the fourth quarter. New York State Common Retirement Fund now owns 233,571 shares of the apparel retailer's stock valued at $35,332,000 after buying an additional 36,200 shares during the period. Key Financial Inc increased its holdings in Ross Stores by 13.2% during the fourth quarter. Key Financial Inc now owns 662 shares of the apparel retailer's stock valued at $100,000 after buying an additional 77 shares during the last quarter. Kestra Investment Management LLC bought a new position in Ross Stores in the fourth quarter worth approximately $51,000. Finally, Venturi Wealth Management LLC boosted its stake in shares of Ross Stores by 16.0% during the 4th quarter. Venturi Wealth Management LLC now owns 6,475 shares of the apparel retailer's stock worth $979,000 after acquiring an additional 895 shares during the last quarter. Institutional investors own 86.86% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on ROST shares. Guggenheim restated a "buy" rating and issued a $180.00 price objective on shares of Ross Stores in a research note on Friday, November 22nd. Citigroup cut Ross Stores from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $179.00 to $152.00 in a research report on Tuesday, November 12th. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $165.00 price objective on shares of Ross Stores in a research report on Friday, January 10th. Telsey Advisory Group restated a "market perform" rating and set a $175.00 target price on shares of Ross Stores in a research note on Monday, November 18th. Finally, TD Cowen lowered their price target on shares of Ross Stores from $185.00 to $177.00 and set a "buy" rating on the stock in a report on Tuesday, November 19th. Seven analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $169.06.

Ross Stores Price Performance

Shares of NASDAQ:ROST traded down $2.48 during mid-day trading on Friday, reaching $136.61. The stock had a trading volume of 2,676,986 shares, compared to its average volume of 2,314,120. The company has a current ratio of 1.57, a quick ratio of 0.98 and a debt-to-equity ratio of 0.29. The company has a market cap of $45.07 billion, a P/E ratio of 21.51, a price-to-earnings-growth ratio of 2.14 and a beta of 1.10. Ross Stores, Inc. has a 1 year low of $127.53 and a 1 year high of $163.60. The business's 50 day moving average price is $148.27 and its 200 day moving average price is $147.79.

Ross Stores (NASDAQ:ROST - Get Free Report) last announced its quarterly earnings results on Thursday, November 21st. The apparel retailer reported $1.48 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.07. The firm had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.15 billion. Ross Stores had a net margin of 9.95% and a return on equity of 41.83%. The firm's revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.33 EPS. Research analysts expect that Ross Stores, Inc. will post 6.17 EPS for the current fiscal year.

Ross Stores Company Profile

Ross Stores, Inc, together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd's DISCOUNTS brand names in the United States. Its stores primarily offer apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at department and specialty stores to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores for households with moderate income.